A study by the Distimo analytics group (http://www.distimo.com), as reported by “AppleInsider” (http://www.appleinsider.com) — shows that iPad users spend about US$70,000 each day on tablet-centric newspapers and magazines purchased through Newsstand for iOS.
Subscriptions or purchases of “The New York Times,” “The Daily” and “The New Yorker” top the list of downloaded content, and news apps as a whole account for 7% of the 200 highest grossing apps, the article adds. According to Distimo, most revenue is in the form of in-app subscription purchases since several digital publication apps are available as a free download.
This allows content providers to offer a variety of purchasing options in one place. As in other Apple media stores, the company takes a 30% cut of each sale, notes “AppleInsider.”